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$3,750,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 1 Bed
  • 1 Full Bath
  • 1,020 Sq. Ft.
  • 1 Car Garage
  • Updated 1 day ago

Next open house:

Open House: 2:00 PM - 4:30 PM

Sunday 8/30 2:00 PM - 4:30 PM

246 Palo Alto Ave,Palo Alto, CA 94301

246 Palo Alto AvePalo AltoCA94301

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RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY | Exceptional ±7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room, wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto.

Full Property Details for 246 Palo Alto Ave

General

  • Price: $3,750,000
  • Status: Active
  • Type: Single Family
  • Source: RE_Infolink
  • MLS ID: ML82059476
  • Updated: 8/29/2026
  • Added to Site: 1 day(s) ago

Interior

  • Fireplace(s): Wood-Burning
  • Flooring: Vinyl / Linoleum, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bathroom Features: Shower and Tub

Bedrooms

  • Total Bedrooms: 1

Other Rooms

  • Family Room: Separate Family Room
  • Kitchen: Tile Countertop, Gas Oven/Range, Refrigerator
  • Laundry: Washer / Dryer, Inside

Additional Information

  • Extras: Not Applicable

Parking

  • Garage Spaces: 1
  • Parking Features: Detached Garage

Location

  • Area: Downtown Palo Alto
  • County: Santa Clara
  • Cross Streets: Bryant Street

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Public Utilities

Structural Information

  • Construction: Detached
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Square Feet: 1,020
  • Year Built: 1923

Lot Features

  • Lot Size (Acres): 0.1641
  • Minimum Lot Size: 7150
  • Lot Size (Sq. Ft.): 7,150
  • Zoning: R1
  • Fencing (Description): Wood

Listed by Compass, Julie Tsai Law

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Listing agent

— 246 Palo Alto Ave —

  • Julie Tsai Law

    Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 246 Palo Alto Ave

School District:Palo Alto Unified School District
NameGradesDistance
Addison Elementary School
650 Addison Avenue, Palo Alto, CA 94301
K-50.9 mi
Frank S. Greene Jr. Middle
750 N. CA Ave., Palo Alto, CA 94303
6-81.9 mi
Palo Alto High School
50 Embarcadero Road, Palo Alto, CA 94301
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 246 Palo Alto Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/29/2026
Listed
$3,750,000
46.2%
MLS
7/09/2024
Sold
$2,565,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 246 Palo Alto Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$31,853
—
$2,616,300
2%
2025
$31,853
-14%
$2,565,000
-16%
2024
$36,952
830%
$3,060,000
1115%
2023
$3,973
1%
$251,917
2%
2022
$3,918
2%
$246,978
2%
2021
$3,840
2%
$242,137
1%
2020
$3,777
1%
$239,655
2%
2019
$3,730
2%
$234,957
2%
2018
$3,647
2%
$230,351
2%
2017
$3,582
3%
$225,835
2%
2016
$3,483
1%
$221,408
2%
2015
$3,442
5%
$218,083
2%
2014
$3,282
1%
$213,812
—
2013
$3,265
—
$212,847
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Compass, Julie Tsai Law

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246 Palo Alto Ave, Palo Alto, CA 94301 (MLS# ML82059476) is a Single Family property with 1 bedroom and 1 full bathroom. 246 Palo Alto Ave is currently listed for $3,750,000 and was received on August 29, 2026. Want to learn more about 246 Palo Alto Ave? Do you have questions about finding other Single Family real estate for sale in South Palo Alto? You can browse all South Palo Alto real estate or contact a Coldwell Banker agent to request more information.

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